BSE List Price : ₹165.00

NSE List Price : ₹165.00

subscription

Category	Times
QIBs	164.03x
HNIs	36.75x
Retail	8.85x
Total : 59.07x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	1	107	₹14,980
Retail Maximum	13	1,391	₹194,740
S-HNI Minimum	14	1,498	₹209,720
S-HNI Maximum	66	7,062	₹988,680
B-HNI Minimum	67	7,169	₹1,003,660

About the Company

Milky Mist Dairy Food is among India's leading manufacturers of dairy and frozen food products. The company offers a wide range of products, including paneer, curd, ghee, butter, cheese, yogurt, ice cream, UHT (long shelf-life) dairy products, chocolates, and sweetened condensed milk. Established in 2014, the company initially entered the market with packaged paneer and subsequently diversified its product portfolio by introducing various other dairy offerings.

The company follows a farm-to-retail business model, enabling direct procurement of raw milk from approximately 67,615 farmers across 22 districts in Tamil Nadu, Andhra Pradesh, and Karnataka. It also operates a manufacturing facility in Bengaluru, Karnataka, which is primarily dedicated to the storage of frozen products, including ready-to-eat and ready-to-cook food items.

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2024	₹1826.86	₹1784.17	₹19.44	₹1606.26
2025	₹2354.79	₹2267.25	₹46.07	₹2150.59
2026	₹3145.01	₹2986.52	₹127.01	₹2676.46

Company Promoter

Satishkumar T

Anitha S

Know before investing

• • Strengths

  Advanced & Highly Automated Manufacturing Infrastructure: The company operates two state-of-the-art manufacturing facilities featuring automated production lines for paneer and cheese, robotic processing systems, UHT processing units, spray dryers, and automated packaging equipment. This advanced infrastructure supports large-scale production, operational efficiency, and consistent product quality, with the capability to manufacture up to 1,000 cheese slices per minute.

  Robust Direct Milk Procurement Network & Farmer Support: The company procures milk directly from approximately 67,615 farmers, eliminating intermediaries and ensuring greater transparency, prompt payments, and long-term supplier relationships. It also conducts various farmer development initiatives, including nutritional guidance, training programs, veterinary assistance, and clean milk production practices, helping improve milk quality while strengthening farmer engagement.

• • Risks

  High Dependence on the Perundurai Manufacturing Facility: A substantial portion of the company's value-added dairy products is manufactured at its Perundurai facility, making it a key contributor to overall revenue. Any operational disruption, production halt, or adverse developments affecting this facility or the surrounding region in Tamil Nadu could materially impact the company's business operations, financial performance, and cash flows.

  Food Safety and Product Quality Risks: The company faces risks associated with contamination, spoilage, or improper handling and storage of raw materials and finished products. Such incidents could lead to regulatory penalties, product recalls, and reputational damage. Although comprehensive quality control measures and multiple testing stages are in place, risks related to tampering, temperature fluctuations, shelf-life management, or labelling inaccuracies may still arise and adversely affect the business.

Objects of the Issue & Utilisation of proceeds

Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by our Company;

Financing the capital expenditure requirements in relation to the expansion and modernisation of our Perundurai Manufacturing Facility;

Deployment of visi coolers, ice cream freezers and chocolate coolers; and.

General Corporate Purpose.

Company  Address

Milky Mist Dairy Food Ltd.
SF No. 43/1-4,
Pattakaranpalayam,
Perundurai
Erode, Tamil Nadu, 638057
Phone: 91 424 2533248
Email: investor@milkymist.com
Website: http://www.milkymist.com/

IPO Registrar

Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: milky.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/